U.S. Housing Market Updates
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Hits and Misses for the Real Estate Week of April 29-May 3
This week’s Hits and Misses include a landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. Continue Reading Hits and Misses for the Real Estate Week of April 29-May 3
Study: Fewer White Buyers Taking Out Mortgages
Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers. Continue Reading Study: Fewer White Buyers Taking Out Mortgages
Builders Publish 10-Point Plan to Address Housing Affordability Challenges
“The lack of homes is the primary cause of growing housing affordability challenges,” said NAHB Chairman Carl Harris. Continue Reading Builders Publish 10-Point Plan to Address Housing Affordability Challenges
Sean Hannity Lists Long Island Mansion for $13.75 Million
Hannity acquired the property through a limited liability company in 2008 for $8.5 million. Continue Reading Sean Hannity Lists Long Island Mansion for $13.75 Million
Lennar Opens Stoneriver Community in Suburban Raleigh
Pricing at Stoneriver begins in the mid $400,000s for single-family homes. Continue Reading Lennar Opens Stoneriver Community in Suburban Raleigh
Mortgage Rates Soar for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 7.22% as of May 2. Continue Reading Mortgage Rates Soar for Fifth Consecutive Week
The Best Month and Day to Sell a Home Is…
The greatest seller premiums were generated in May, February and April. Continue Reading The Best Month and Day to Sell a Home Is…
New Data, Old Story: Home Prices Keep Going Up
Realtor.com also noted that the median list price increased from $424,900 to $430,000 between March and April. Continue Reading New Data, Old Story: Home Prices Keep Going Up
Florida Home Becomes TikTok Sensation Over Dungeon-Style Basement
The house was built in 1958, which led to online speculation that it could have been a Cold War-era fallout shelter. Continue Reading Florida Home Becomes TikTok Sensation Over Dungeon-Style Basement
FHFA and HUD Announce New Reconsideration of Value Policies
FHFA Director Sandra L. Thompson said the policies will “help ensure that consumers are treated fairly.” Continue Reading FHFA and HUD Announce New Reconsideration of Value Policies
New 1 Million SF Development Planned for Brooklyn Waterfront
Serhant Real Estate has been contracted to market the condos. Continue Reading New 1 Million SF Development Planned for Brooklyn Waterfront
Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
The fund will focus on acquiring and enhancing multifamily properties ranging from 20 to 50 units. Continue Reading Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Rising Housing Prices Force Adult Kids to Move Back with Parents
46% of parents said their adult children returned home to live with them at some point. Continue Reading Rising Housing Prices Force Adult Kids to Move Back with Parents
Guest Opinion: What’s Next for the Federal Home Loan Banks?
“Forthcoming actions and public engagement in 2024 include clarifying the FHLBank System mission,” said FHFA Director Thompson. Continue Reading Guest Opinion: What’s Next for the Federal Home Loan Banks?